How To Get Creative With Future Payroll
If you haven’t been keeping up, the last few days I’ve been looking at the Phillies future payroll commitments in order to make some observations. I even have a public Google Doc so that you can follow along at home. Today’s post will get to the point that’s nearest and dearest to my heart, how to keep Jesus Jayson Werth without paying him in 2011.
First off, why keep Jayson Werth? After all, we’ve already observed that the Phillies have a strong outfield and with the tight 2011 payroll, it will take a lot of creativity to keep Werth aboard. For 2011, Shane Victorino and Raul Ibanez are signed on the dotted line with Ben Francisco, Tyson Gillies, Quintin Berry, and John Mayberry Jr. competing for the 3rd spot and bench options. Gillies will be the eventual winner with Brown starting to push him by the end of the season. Looking outside the organization, outfield is incredibly deep and future all-star outfielders are non-tendered or otherwise let go all the time by the Dodgers. Perhaps I should open up a roster slot for Xavier Paul now.
The reason to keep Werth around is simple, he’s good at everything. The man is the second most dynamic player on the roster behind shoe-in Hall of Famer Chase Utley. He can run, throw, field, hit, work the count, and take a pitcher deep. In fact it’s tough to pick out any flaws with Werth. He has a checkered health history, although his injuries resulted from physical trauma, not poor conditioning or a run down body. In fact, as a result of his injuries, his body has far less mileage on it than most 30 year olds (31 on May 20). Aside from that, he’s merely above average against RHP and does take a healthy number of strike outs. Looking at his skill set, the only comparable player is Alex Rodriguez. While Werth only truly bests ARod in the underrated facial hair category, it’s safe to call him the second most well rounded player in baseball. If you just focus on the description and last two years of work, Werth looks like a guy who should be earning a Matt Holliday like contract. That we may be able to extend him for considerably less is all the more reason to be interested in keeping him. But how do we do that when there’s practically no payroll available in 2011?
Yesterday, we took a look at the 2012 payroll, noting that if they stuck with the $140 mil payroll ceiling, the Phillies have 35 mil to spend on a 1b and a PH. They could opt to force Kyle Kendrick out of the rotation with a pitcher signing or waste it in the bullpen. We also took a peek at that free agent class, noting the depth on the 1b side and the shallowness at SP. Given that, it might be best to avoid the pitching targets and budget 20 mil for a premium 1b. With this year to year plan in hand, the payroll is a solid 15 mil below the ceiling. This is where Werth fits in. A 2012 Phillies team with Werth is a team without Shane Victorino (9.5m). That means that 24.5 mil of funds would be available to Werth. Why not use them? Why not present Werth the opportunity to help the club pay him. A contract that breaks down as 5/22/16/16 gives him an AAV of 14.75m, probably about the cost and years he’s looking for to stay. If that’s not palatable to Werth, Ruben, or ownership, there are a number of creative ways to defer cost. A simple deferral could turn a 12/16/16/16 contract into a 4/17.6/17.6/17.6/1.6/1.6 deal over 4 years (that’s 8 mil deferred in 5 annual installments). A longer deferral period could be named for more money or varying amounts could be applied. Another pseudo-deferral is the signing bonus. An 8 mil signing bonus (with deferment) would change how the contract is treated on payroll, giving Ruben some legroom in ’11 via the accountant.
The lesson here is not to instruct Ruben on how to do his job, it’s to point out that if the club really wants Werth and really plans to move forward as the dominant force of the NL, the flexibility is there to sign Werth without making any further changes.



although i like the idea of the deferred salary the first year with jayson, i doubt he would take that type of deal or if the players association would be ok with such a move. he does love this city though. if adrian gonzalez does not get traded to boston, i would love to see what they would conceivably offer for ryan. maybe you could put your thoughts into the trade value of the bigman woth possible scenarios. i feel we could get a nice haul for him although it would be less than san diego would get for adrian because of the contract as of right now.
PP, I just don’t think the market is conducive to getting a properly awesome package of prospects for Howard at this point. Beyond Gonzalez and Howard, the following first basemen will be free agents either next winter or after 2011: Pujols, Konerko, Pena, Berkman, Lee, Ortiz, Fielder, Dunn. Obviously a couple of those guys are declining and/or should be DHing by the time they hit the market, but it’s something of a logjam, and all it does is tie our hands.
PP, players take contracts with deferred first year salaries all the time. Because the money is guaranteed, it really shouldn’t matter much to the player as long as the present value is comparable to what he’s looking for.
Ruckus is right, between Howard’s contract and the guys who are available at 1b, Howard has very little value. I think we can get a #3 type pitcher with maybe 5 years of service clock for him but that’s about it.
His contract is bit of an albatros. He earns most of it but it is hard to swallow. I just wanna keep werth.
awesome stuff, cheers man